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DB Global Technology S.R.L. (DBGT), Deutsche Bank’s technology centre in Bucharest, has increased its equity capital by EUR 14.6 million to further develop the business in Romania.
Deutsche Bank opened the technology centre in Bucharest six years ago, developing financial applications for the bank’s world platform.
Since its establishment, the centre has developed 700 IT projects, with a global value of over EUR 1 billion. It has over 900 employees, experts and collaborators.
The capital increase is a vote of confidence to the Bucharest centre, marking a new stage of maturity, and will help to the development and consolidation of the teams, reads a press release.
This increase will support development and strengthening of the local team, broadening and deepening of knowledge, building specific skills for future projects and increasing the capabilities in the innovation area.
“The investment increase is a confirmation of the Bucharest team’s success, which has been obtained with the remarkable efforts of all our colleagues. This business model has passed the test of time: we are a mature and settled team, managing ground-breaking fintech projects. It is also the confirmation that we have successfully implemented two complementary dimensions: creating and becoming. Our projects are innovative and meaningful because they impact on millions of people and companies. At the same time, we give each and every colleague the opportunity to develop on both professional and personal levels. Our future investments will focus on what really means to have an inspiring work environment: technologies, training, ambiance, personal initiative, individual projects, social and personal development activities. And we are further on ready to team up with the elite of the Romanian IT industry on a long term”, Marian Popa, CEO of DB Global Technology stated.
“The DB Global Technology investment increase reconfirms Deutsche Bank’s commitment to Romania, an economy that has confirmed and exceeded our initial estimates regarding the potential of the IT industry, the existence of a solid flow of skilled specialists, as well as the high quality of the IT infrastructure”, Mihai Ionescu, Chief Country Officer Deutsche Bank Romania stated. “
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